Lazydays Holdings has reported its financial results for the second quarter ended June 30, with the company noting progress in its “turnaround plan” despite year-over-year revenue declines.
The RV retailer posted total revenue of $131.3 million for the quarter, compared with $235.6 million in the same period in 2024. Net loss for the quarter was $24.6 million, down from $44.2 million a year earlier.
“We continued to advance our turnaround plan in the second quarter of 2025,” CEO Ron Fleming said in a press release.
“Our focus on operational performance resulted in increases in gross profit margins across all products and services compared to the prior year period, and our purposeful effort to streamline our footprint resulted in the successful sale of several non-core assets,” Fleming added.
Fleming said the divestitures reduced total liabilities by more than $200 million during the first half of the year, while the company’s cash balance remained unchanged at June 30 compared to Dec. 31, 2024.
The company also reported recognizing $7.7 million in non-cash impairment charges during the quarter related to indefinite-lived intangible assets and assets held for sale.
Adjusted EBITDA for the second quarter was negative $6.2 million, compared to negative $9.4 million in the same quarter last year. Lazydays reported net loss per diluted share of $6.67, compared with a net loss per diluted share of $96.53 in the prior-year quarter.
Fleming emphasized that operational performance remains a key focus, with efforts underway to optimize performance across sales, service, and parts operations.
Founded in 1976, Lazydays has built a reputation as a full-service provider for RV enthusiasts, offering sales of new and pre-owned vehicles, maintenance and repair services, and a wide range of parts and accessories.
The company carries models from leading RV manufacturers and operates service centers at its dealerships across the United States.